MY E.G. Services Berhad ('MYEG' or 'the Group') has entered into a collaboration and secured regulatory approval to deploy its blockchain-based customs clearance and processing services for trade flows between the Philippines and China. The Group, together with its Philippine-incorporated companies, signed agreements for a collaboration with Philippines' Bureau of Customs ('BOC') and Cargo Data Exchange Center Inc. ('CDEC'), paving the way for the Philippines to adopt the digital solution known as Ztrade – a first of its kind Web3 + Artificial Intelligence ('AI') link between China and its trading partners – which runs on MYEG's innovative Zetrix layer-1 blockchain platform.

https://business.inquirer.net/413793/myeg-collaborates-with-philippines-bureau-of-customs-for-deployment-of-china-customs-clearance-system

#inquirer